50NL - overpair in a reraised pot

[canavarr]

I want to start a discussion on playing medium pocket pairs (like 88-JJ) in a re-raised pot when you play for set value and flop comes all undercards. When villain re-raises my medium pocket pair pre-flop, I almost always play for set value (as I do with small pocket pairs), or try to check the hand down, or see cheap showdown. But very rarely do villains check the hand down, they very often 2-barrel with AK,AQ unimproved. So I think I might be folding the best hand quite often here against 2-barreling AK, AQ, which may or may not be a huge leak as maybe I'm actually making a good laydown and do not payoff, QQ-AA. So please take a look at this hand and comment on what should I do here? How do we change the way we play when villain is in position/out of position, is tight/loose.

Here villain is 39/12/2.0 (33 hands)

Full Tilt Poker
No Limit Holdem Ring game
Blinds: $0.25/$0.50
6 players
Converter

Stack sizes:
Hero: $48.25
UTG+1: $29.85
CO: $79.20
Button: $50.25
SB: $62.50
BB: $40.70

Pre-flop: (6 players) Hero is UTG with T[img]/images/graemlins/diamond.gif[/img] T[img]/images/graemlins/club.gif[/img]
<font color="#cc0000">Hero raises to $2</font>, 4 folds, <font color="#cc0000">BB raises to $5</font>, Hero calls.

Flop: 9[img]/images/graemlins/heart.gif[/img] 7[img]/images/graemlins/heart.gif[/img] 2[img]/images/graemlins/club.gif[/img] ($10.25, 2 players)
<font color="#cc0000">BB bets $6.5</font>, Hero calls.

Turn: 4[img]/images/graemlins/diamond.gif[/img] ($23.25, 2 players)
<font color="#cc0000">BB bets $14</font>, Hero folds.
Uncalled bets: $14 returned to BB.

Results:
Final pot: $23.25